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Santander and U.S. Bank will together pay $13.4 million to get restrictions on their mortgage operations removed, following their compliance with a 2011 consent order. (Credit: AP)

US Bank, Santander Pay $13M To Exit OCC Mortgage Penalty

U.S. Bank and Santander Bank on Tuesday agreed to pay a combined $13.4 million to get out from under restrictions on their mortgage operations imposed by the Office of the Comptroller of the Currency.

  • Defense Attys Support Blackwater Guards In DC Circ. Appeal

    The National Association of Criminal Defense Lawyers on Monday threw its weight behind four former Blackwater guards' efforts to overturn their convictions from a 2007 shooting in Iraq, telling the D.C. Circuit the case is rife with "prosecutorial overreaching and vindictiveness."

  • DC Circ. Orders Court To Take On Medicare Appeals Backlog

    The D.C. Circuit on Tuesday said a district court has jurisdiction to order the U.S. Department of Health and Human Services to cut down a massive backlog of disputed Medicare claims following complaints by the American Hospital Association.

  • BREAKING: Monsanto To Pay $80M SEC Penalty Over Roundup Accounting

    Monsanto Co. has agreed to pay an $80 million penalty and retain an independent consultant to settle charges it violated accounting rules and misstated earnings related to its flagship Roundup herbicide, the U.S. Securities and Exchange Commission announced Tuesday.

  • Fortis To Buy Electric Transmission Co. ITC In $11.3B Deal

    Fortis will buy ITC Holdings, the largest independent electric transmission company in the U.S., in a deal worth $11.3 billion, including debt, as the Canada-based electric and gas utility continues its push for growth, the companies announced Tuesday.

  • Kaye Scholer Atty Taps Gupta Prosecutor In Shkreli Case

    The Kaye Scholer LLP partner charged with securities fraud alongside pharma bad boy Martin Shkreli has enlisted a Gibson Dunn partner who was the lead prosecutor in Rajat Gupta’s insider trading trial and who also helped convict hedge fund boss Raj Rajaratnam, according to New York federal court documents.

  • Lehman Gets Nod On $1.4B JPMorgan Settlement

    A New York bankruptcy judge on Monday approved a $1.42 billion settlement to resolve most litigation between Lehman Brothers Holdings Inc. and JPMorgan over transactions that occurred in the runup to Lehman’s 2008 bankruptcy.